XYZ · Block Inc.
AI read · Neutral
The AI's read
Those estimates point to yearly growth, but profit per share is expected to fall from the previous quarter. Block also beat estimates in each of the past 5 quarters, which supports the growth case. Still, Morgan Stanley cut its rating and target, while BTIG kept its Buy rating. Block added Bitcoin payment support to Square and weekly Bitcoin rewards in Cash App. It holds 9,117 Bitcoin worth $697 million, but the story gives no results showing what those moves add.